Mental Ceilings and self fulfilling prophesies

Discussion in 'Psychology' started by Girlpower, Aug 2, 2003.

  1. Natalie,

    I think it was mostly good luck initially that led to pride in my accomplishments. That led to a sense of infallibility in my market assessments. Once I had this attitude and began on the wrong side of a trend it was awfully difficult to acknowledge my mistake. Eventually, I did.

    Bruce
     
    #151     Aug 14, 2003
  2. Hi Bruce,

    I think we could easily start a whole new thread with that quote. I've been there too, and I wonder how many others have...?

    Best

    Natalie
     
    #152     Aug 14, 2003
  3. Hey Natalie,

    That would be a sad thread:( I'm more interested in stumbling onto an empowering mindset. Something that will help me get up in the morning and keep me going through the losses.

    Discipline in trading is much harder to find than discipline in preparation. Knowing a market's tendencies doesn't really help when it comes time to take the plunge.

    The long term average of a point a day can be a good start. And I admire candle for having the courage to keep striving for this humble standard. Maybe if we listed all the different strategies we have for achieving just one point it would be helpful...I'll start with one.

    Ideally, my first trade of the day should be based on the last Fibonacci retracement from yesterday. I didn't have the courage to take it today. It was a perfect setup and it yielded almost 7 pts. of profit but; I couldn't pull the trigger. See, we didn't have to start a new thread to tell a sad story!

    Bruce
     
    #153     Aug 14, 2003
  4. Yes - Me too, but less stumbling onto it, rather nurturing and developing it. I've been meditating a fair bit in the last couple of months and that really helps keep the mind healthy too. :)

    Best

    Natalie
     
    #154     Aug 14, 2003
  5. Atlantic

    Atlantic

    whoever translated this - your english is not better than mine.
     
    #155     Aug 14, 2003
  6. I've no idea, but the posts in german were pretty much on topic so I can't think of a reason for them to be removed.

    Best

    Natalie
     
    #156     Aug 14, 2003
  7. Atlantic

    Atlantic

    you're so kind - where are you from?
     
    #157     Aug 14, 2003
  8. Yorkshire - England. :)

    best

    Natalie
     
    #158     Aug 14, 2003
  9. The land of Churchill as it turns out ... :p
     
    #159     Aug 14, 2003
  10. Sorry, but I just can't help thinking of those fluffy little dogs where you never know what's front and what's hind... :p
     
    #160     Aug 14, 2003